Asset Threshold for Determining the Appropriate Supervisory Office

Title: Asset Threshold for Determining the Appropriate Supervisory Office
Subject: ONES supervision
Agency: NCUA
Status:
Proposed rule
Summary:

The NCUA Board (Board) is proposing to amend its regulations to revise the $10 billion asset threshold used for assigning supervision of consumer federally insured credit unions (FICUs) to the Office of National Examinations and Supervision (ONES). The proposed rule would only apply to FICUs whose assets are $10 billion or more (covered credit unions). The proposed rule would provide that covered credit unions with less than $15 billion in total assets (tier I covered credit unions) not currently supervised by ONES will be supervised by the appropriate NCUA Regional Office. Tier I covered credit unions currently supervised by ONES and covered credit unions with $15 billion and more in total assets (tier II and tier III covered credit unions) would continue to be supervised by ONES. The proposed rule would not alter any regulatory requirements for covered credit unions.

FR Doc: 2022-03846
Date proposed: Feb. 17, 2022
Comments due date: May 2, 2022
Effective date:

Rule compliance date:
Agency release:
Related Reg Report item(s):

Proposal would set threshold higher for largest credit unions supervised by special office